In a Business Unit Setup,kaizen Refers to ____

question 18

Multiple Choice

In a business unit setup,kaizen refers to ____.

• A) zero defects
• B) total quality management
• C) value chain
• D) continuous improvement
• E) rightsizing

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Definitions:

Variable Cost

Costs that vary depending on the amount of goods produced or the scale of operations in a business.

Fixed Costs

Expenses that do not change with the level of goods or services produced by a business within a certain period, such as rent, salaries, and insurance.

High-low Method

A technique used in cost accounting to estimate variable and fixed costs based on the highest and lowest levels of activity.

Variable Cost

Costs that vary in proportion to the level of production or business activity, such as materials and direct labor.